GREY:SDRYF - Post by User
Comment by
dietryingon Jan 26, 2011 11:05pm
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Post# 18032592
RE: RE: RE: Getting Increasingly Frustrated
RE: RE: RE: Getting Increasingly FrustratedHound, patience I have though not unlimited. I first got into this stock after reading the write-up from Josef Schachter from way back. Now tell me are we still on track?
Josef Schachter gives timelines andexpectations for 4 Sea Dragon projects over the next few years.
1. Al-Amir – wells #6 & #7 ..targeting 5 – 10 million barrels of oil … NW Gemsa, Egypt…10% WI…50% chance ofsuccess… could add 5 to 10 cents to share price….drilling in 1stquarter of 2010.
2. Geyad wells #3, #4 & #5 …tarageting 5 -10 mb of oil …..Gemsa,, Egypt… 10% WI…could add 5 to 10 cents pershare…50% chance of success….drilling in Q1/10 thru Q4/10.
3. Al Baraka Lease andother lead prospects… targeting 100-400mb …Kom Ombo block, Egypt…50% WI…couldadd 50 cents to $2.00 to share price….50% chance of success….drilling 2010 thru2013.